Get it Gone, Student Loan 

Duck, Duck, Student Loans, Get Gone ! – Section8

“First off congrats on all you dummies who took out so much money for bills, groceries, 2016 chargers, challengers, dates, drugs, & new clothes! You now owe all that plus more back in student loans.” – Section8Investor

Anyway, let’s talk about a solution that could possibly get you out of that nasty debt. I call it the student loan challenge. Yes, the Student Loan Challenge ! Let’s not act like America isn’t 1.2 Trillion Dollars in Debt. A whopping 44.2 Million Americans have student loan debt! That number is scary than ever. Also, the graduating class of 2017 owes roughly 35K a piece for their undergraduate degree, let’s not even talk graduate degrees (Masters). The crazy thing is these numbers are steady climbing! How the hell are you even thinking about buying a house or start investing…… different story, different blog. Anyway, that’s why a friendly game of Get it Gone, Student Loan is exactly for “YOU”.

Get it Gone, Student Loan 

I remember after I received my undergraduate degree, I was thinking to myself how in the world am I going to pay these student loans? It was a disaster I tell you an complete nightmare. Unfortunately, in the Black Community we like to hide our money problems and act like we are a part of the 3 percent, so you could imagine how alone I felt while playing this game by myself. Which sucked a**! Well not literally, – but you catch my drift. 6 months after you graduate school, best believe Sally Mae and her corporate assiciates is coming for your soul and everything else you own; No call or heads up, just a piece of paper in the mail with your outstanding balance. Don’t let it get you down, it’s now time to take action and that’s why Get it Gone, Student Loan is the perfect game for you and your broke non-invested friends!

Game Instructions 

  • Preferably 3 or more friends who all have high amounts of student loan debt
  • Set a 1 year goal and a hundred dollar buy in to play
  • Check in monthly too see who takes the lead (Motivational Purspose)
  • Winner who paid the most take home the money (hopefully it goes to student debt)
  • Play again until each of your students loans disappear forever

It will be a challenge but don’t give up. This game will teach you how to handle money as well throughout the course. Student loan debt is causing harmful damage to the economy, especially if you are from the Lower Class. There are other downfall factors you may face already while living in the Lower Economy (unemployment, minimum wage, single parent, & other debt). Don’t let it dry you up, take it by the horn and ring it out!

Ghetto Poverty

We vanished, vanished, and completely vanished under the surface of America! They focused and focused on ways to drag us underneath the social class of America. They left us for poor and worse as before.

Growing up in poverty seemed normal to me. I had friends just like you and everything seemed perfect. I didn’t realize how poor we actually were until I got older and noticed my surroundings. Pawn shops in every neighborhood, liquors stores on every corner, and barely any jobs that would hire us without the right credentials or color skin.

9 times out of 10 if you grew up in the ghetto you are most likely to go through an significant event. Either you will be robbed, kilt, or end up in prison by default. I hate to say it, but the system is always working against the urban community and black families.

One way to defeat the system is to have a financial IQ. Doing better with your money and managing it better will help you ever than before. Yes, we may come from the ghetto where they count us out, but we can change our circumstances. It will not take a day, month, or even a year but overtime we will get through this.

Save the money and buy items with meaning. Ownership is the only key out of the slums. I know because I came from it and reading is key. We make so much money, we just need to realize that’s our power in the 21st century. Got to learn to spend a 20 save a 50.

Black Compound Interest 

“Compound Interest is the 8th wonder of the World ? ” – Albert “Money Man” Einstein 

Let Class Begin 
Time horizon (20 to 40 years old) “The younger you are the better when it comes to investing”. This is a golden rule especially if you are in your younger 20’s. I remember the saying “No Sleep, Get Money”, was real popular. That meant not going to sleep at all, – just to make barely any money. I always thought that idea was pure dumb. I guarentee you could get 18 hours of sleep if you learned the important of investing your money  ??+??=?

“Truth being told no one in my family ever taught me about The Stock Market or how to become Financially Independent because they were simply Financially Illiterate themselves. It was a skill I had to learn by myself and through the books I read. Before than I had so many bad habits when it came to Money. Let me save you” – Jay Starks 

Since I cracked the Divenci Code, lol, I am here to teach others especially from the Lower Income Community and my people (Blacks) the importance of Compound Interest. 

*Any race is always welcomed, but I know majority of you reading this already know, & I know you know blacks barely read or Invest, so I have to teach my people* 

The Scenario

Let’s say you are 20 years of age and invested only 10,000 while still contributing just 50 dollars a month letting it grow for 20 years, each year making a 10% ROI (Return on Investment). 

At the young age of 40 you would have 102,000 instead of 34,000 if you just had it saved in a traditional bank account earning only 0.01 cent every thousand. Traditional bank accounts by the way are bank accounts you have right now if you don’t know about Investing/Brokerage Accounts. 

That’s a 68k difference. That’s Phenomenal! You probably won’t see the difference at first but as the years go you would be glad as hell you started when you did! Now that isn’t enough to live on for retirement but you must catch what I am putting down about Compound Interest. I will touch up on planning for retirement at little bit later. ?

Conclusion

We have to be more aware of this beautiful skill set. Passive income and diversification is a great way to meet your financial goals, my bad I mean wonderful way to meet your financial goals. Spending money on Jordans, Hoes, and Rims isn’t going to break those barriers to see the next level. We have to start building wealth and leaving inheritances to our children. Wealth is generational, that’s the key ingredient we are missing in our homes. We have to learn this game and play it well. Please, email me or just comment below if you would like to learn more about Compound Interest and Investing. 

“Budget, Pay Debt, Invest, & Don’t Stress ?” 

Question:

Do you know how compound interest works? Are you aware that your time is precious and means everything in the World? 

“What lies inside”


The Beautiful Meaning:

This poem is dedicated to everyone who knows what they are worth but aren’t taking the necessary steps to step up and be great. This Poem is inspired to “grasp” my readers into a paradox of mysterious faith. Which fate is yours to take?

The Art: 

What is it your heart is trying to say? 

Is it sound or is it safe? 

Is it heaven or is it hell?

As these worlds collide and earth prevails? 

What am I missing? 

What am I dismissing?

For I am not wise enough to realize what lies inside! 

For I am not capable of doing what my heart decides! 

I can’t longer waste what lies inside

I can no longer let fear hide what lies insides…. 

Poetry Presented by: Jay Starks 

Question: Are you hiding your true talents by living deeply in fear? Why are you so afraid of being great? Please share, let’s discuss! 

The Almighty Bankroll! 

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I remember growing up having a “Bankroll” showed significant power in the Black Community. 

It was like having everything right in your pocket. I easily thought by having such a “bankroll” was going to show me the world and allow access to everything I ever wanted. Such as women, cars, jewelry, and fresh clothes.

“That mentality I had was formed from growing up in poverty. I did all types of connery for it and some things I don’t regret because it made me who I am today.”

Growing up in the lower class part of the state – we all dreamed daily of having that big bankroll. It’s like we were junkies with a adrenaline rush! It’s funny because once we receive large amounts of money we spent it on materialistic items that I stated earlier in this passage. 

We as a whole lacked “Financial Literacy”. A tool I wish I had known about a couple years back. Without us knowing how money works we were eventually going around in a circle of not having. 

Not having a great life. Not having wealth. Not having the mentality of developing and wanting better than poverty. Not having the mentality of wanting to own corporations and businesses. This crippled every one around me and it was plain out depressing. 

“It was also – make the bankroll, show off the bankroll, spend the bankroll, and be back broke doing things such as working harder breaking our backs or criminal activity that ended up with most of us on our backs (6 feet under) or in a prison cell.”

This wasn’t good at all for my community but we often mixed crime and trading our valuable time for pennies which wasn’t rationally good for any of us. 

I firmly believe we need the knowledge of Financial Literacy implemented in the Black Community. Sure it’s cool showing off your bankroll but if you don’t know how to secure the bag for long term wealth then what are you doing?

Please share your own experience with “The Bankroll” below in the comment section.

Question: Also do you think Financial Literacy is non-existing in your community? Please do elloborate!